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Tesla Norway Sales Hit Quarterly Low

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Tesla Norway sales decline in Q2

June marked a low month for Tesla Norway sales which has seen a 47% decline in deliveries over its previous quarter. A few experts are already using these numbers to instill fear in the stock markets. Are they trying to bring down Tesla’s over-valuation to a more realistic level?

Over-valuated stocks and June Gloom = FUD

FUD, better known as Fear, Uncertainty and Doubt are mighty tools in the media world and with investors. Tesla is no stranger to its attack and its latest spread is to be expected. June car sales are never great, period. Still, every year the song remains the same. Sales always disappoint in the month of June. So is it a case of much ado about nothing, or something to look closer into?

Tesla Motors (TSLA) stock fell 4.3% on Wednesday when investors heard that fewer cars were sold last month in Norway, Tesla’s high market hope for Europe. It’s only second to the U.S., and the company puts much faith on the country to rally the sales. To date, Tesla Motors sold 536 Model S electric cars in Norway in June, down from 1,493 in March. We need to keep in mind that this was an all-time single market sales record in the country.

Demand versus availability

Astute readers know that Tesla demand far outweighs the Model S availability. Even in the U.S., there is more demand than Tesla can fulfill. The other news that warrants a closer look is that Tesla shipped 1080 Model S cars to Norway in Q2 2014, versus 2056 in Q1. That’s a 47.4% decline, leaving Tesla 976 deliveries shy of its previous record, which beat its own expectations. Is this something that’s worth scrutiny? After all, Tesla beat its past expectations but now succumbs to its own high goals. Isn’t that what Tesla has consistently delivered until now, ups and downs?

One thing we can be certain about for the next year is that production and delivery woes at Tesla Motors will continue. Musk made it clear on more than one occasion that a continued backlog of Tesla’s products isn’t a problem at this early stage of the game. Now Tesla needs to focus on China, this will mean reallocating resources. As China’s demand increase, and they will, we can expect other countries to be less of a priority. In other words, China’s demand will most likely mean other countries don’t get as many Model S as the demand, and that isn’t a bad thing. It creates desirability.

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ASLO READ: Tesla to Double its Production at Fremont Plant

So far, Elon Musk hasn’t missed a beat with Tesla and expanding its greater strategy. A low month, even a lower quarter is nothing to panic about. The company has been in much worse situation in the past, leaving many to call it dead. Look at it now, and look at the plans it lays before us. Tesla Motors will continue to be disruptive, will continue to upset financial experts and continue to push carmaker’s buttons.

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Tesla is breaking even its own rules to cap off an intense Q3

Tesla is pulling out all the stops to have a strong Q3 as the EV tax credit will phase out.

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Credit: MarcoRP | X

Tesla is breaking its own rules by advertising on various platforms in an effort to sell as many cars as possible before the end of the $7,500 electric vehicle tax credit.

Tesla has had a very polarizing perspective on advertising. Over the years, it has taken on different attitudes toward spending any money on marketing. It has instead put those dollars into research and development to make its vehicles more advanced.

Back in 2019, Tesla CEO Elon Musk talked about the company advertising its vehicles and energy products:

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In 2021, in response to analyst Gary Black, who has pushed for Tesla to have a PR or marketing department, Musk said:

However, this did not hold as Tesla’s strategy for the long haul. While Musk did resist advertising for a long time, Tesla started placing ads on platforms like X, Google, and YouTube several years back. It’s pretty rare that Tesla pushes these ads, however.

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Tesla launches advertising on X in the U.S., expanding ‘small scale’ strategy outlined by Musk

The company’s stance on setting aside capital for advertising seems to be circumstantial. Right now, it is working to sell as many vehicles as it can before the tax credit comes to a close.

As a result, it is pushing some ads on YouTube:

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It’s a move that makes sense considering the timing. With just six weeks roughly left in the quarter, Tesla is going to work tirelessly to push as many cars into customer hands as possible. It will use every ounce of effort to get its products on people’s screens.

Tesla counters jab at lack of advertising with perfect response

Throw in one of the many incentives it is offering currently, and there will surely be some takers.

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Tesla rival’s CEO makes shock suggestion to customers about Model Y

“The Model Y is a great car, and Tesla also announced a number of promotions yesterday, so you might want to consider it.”

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(Credit: Tesla)

Tesla rival Xiaomi is experiencing demand that is off-the-charts with its new YU7 crossover, which competes with the Model Y. The company’s CEO has stated that demand is truly outpacing what it can build, and that customers in limbo should consider the Model Y because “it’s a great car.”

The Xiaomi YU7 has already gained an incredible number of orders so far. Its launch a few months ago had consumers busting down doors to place an order before others, and demand has been so high that customers will wait, on average, between 56 and 59 weeks for delivery.

Tesla Model Y meets new competition from Xiaomi 

Within 18 hours, Xiaomi received about 240,000 orders, CarScoops reported. Some customers are truly interested in the vehicle, but cannot wait the extended period to take delivery as they might need a car now.

Xiaomi CEO Lei Jun said on social meida that there are other cars out there that would be suitable as a replacement to the YU7:

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“If you need to buy a car quickly, other China-produced new energy vehicles are pretty good.”

He explicitly mentioned the Model Y, Xpeng G7, and Li Auto i8.

Regarding the Model Y, he said:

“The Model Y is a great car, and Tesla also announced a number of promotions yesterday, so you might want to consider it.”

The Model Y has been the best-selling car in the world over the past two years, and it still leads in many markets as the most sought-after EV. However, in China, there are so many formidable competitors that customers are seemingly going for whatever they can get to first.

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Of course, a car is a car, but Tesla has gained a more notable reputation for its industry-leading tech and driver assistance systems, including City Autopilot, which has been used in China for a few months now.

Tesla China owners share first impressions of FSD-style “City Autopilot”

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Tesla offers tasty Supercharging incentive as Q3 push continues

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Credit: Tesla

Tesla is offering a tasty Supercharging incentive on inventory Model 3 units in Canada as it continues to push sales in the third quarter.

In the United States, Tesla is preparing for the end of the $7,500 electric vehicle tax credit. While it is offering a multitude of incentives in the U.S. to help push sales of its vehicles before the credit goes away, it is not saving the deals for Americans exclusively.

Yesterday, the company announced it is now offering Free Supercharging for life on all Model 3 inventory in Canada, a massive incentive for those who would use the vehicle as a daily driver:

The deal would normally only apply to Superchargers located in Canada, meaning if a Canadian drove over the border into the United States and Supercharged, they would have to pay for it.

However, Tesla also confirmed that the charging deal would extend to the U.S. Canadians will be able to drive across the U.S. and Supercharge for free for the life of the vehicle.

Free Supercharging is such a great perk because the money an owner saves on charging factors directly into what they are saving if they were to own a gas car. While Supercharging and home charging are, on average, cheaper than filling up with gas, the savings are not massive.

When Supercharging is free, it can save consumers hundreds of dollars per month, especially if they plan to use the Tesla for their daily commute. Some people could fill their gas cars up two times a week to get to work, spending $80-$100 every five days on gas.

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Tesla has been using incentives like this to push vehicles into customers’ hands. Q3 could be one of the best three-month spans in recent memory with the push it is making.

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